47.—F1(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Nothing in regulation 46 requires a company to prepare share certificates in the following cases.
(3) Case 1 is any case where the company’s instrument of incorporation states that share certificates will not be issued and contains provision as to other procedures for evidencing a person’s entitlement to shares.
(4) Case 2 is any case where a shareholder has indicated to the company in writing that he does not wish to receive a certificate.
(5) Case 3 is any case where shares are issued or transferred to the designated person.
(6) Case 4 is any case where shares are issued or transferred to a nominee of a recognised investment exchange who is designated for the purposes of this paragraph in the rules of the investment exchange in question.
Textual Amendments
F1Reg. 47(1) revoked (26.11.2001) by The Uncertificated Securities Regulations 2001 (S.I. 2001/3755), regs. 1, 52(4)